“We hope to create an Oscars broadcast that will both showcase their incredible talents and entertain the world on February 27. We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that.”

This will mark Hathaway’s fifth appearance at the Oscars (she even contributed to one of Hugh Jackman’s opening numbers), while it’s the second time out for Franco. Considering they’re both charismatic stars, we’re sure they’ll pull it off with aplomb.

The 83rd Academy Awards ceremony will take place on 27 February, 2011.